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China-Europe strike key rail accord

The railway authorities of China, Belarus, Germany, Kazakhstan, Mongolia, Poland and Russia, have signed an agreement to deepen cooperation on China-Europe freight rail services, according to China Railway Corp. It said the agreement serves the Belt and Road Initiative, expands the market share of rail freight between Asia and Europe and drives economic development and trade cooperation for counties along the route. The economies will jointly push for better railway infrastructure for a safe, smooth, fast, convenient and competitive rail route, according to the agreement. Information technology will boost train speeds and unify services. Information-sharing platforms will be built to ensure transport safety. The countries will expand the rail services to more areas with faster customs clearance. A joint work team and expert team will be formed to solve problems.

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